Press Release / Industry / Fracking Fluids Market: Expected To Present Potential Growth Opportunities Over The Forecast Timeframe.

Fracking Fluids Market: Expected To Present Potential Growth Opportunities Over The Forecast Timeframe.

Fracking fluid, also known as frac fluid, is a mixture of chemicals which are used in drilling operations to increase the extraction quantity of hydrocarbons.

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Global Fracking Fluids Industry Analysis:
The global market is estimated and forecasted in terms of revenue (USD million) generated by the fracking fluids market. These fluids also help in preventing the corrosion of well. Fracking fluid greases the extraction process and averts clogs & bacterial growth and other such functions. Various chemical additives are used in a typical fracture treatment depending on the conditions of the well which is used for fracturing.

The global fracking fluids market is observing sustainable growth owing to increasing energy demand because of the rising industrialization. Moreover, the overall market is also being propelled by energy shift toward gas as a transitional fuel. The market is further boosted by the development of advanced chemicals for fracking fluids and energy security offered by domestic supply of natural gas worldwide

Global Fracking Fluids Market Segmentation Based On:

Global FF Market by Fluid Type: Based on fluid type, the market is segmented into water based fluids, oil based fluids, synthetic based fluids, foam based fluids and other base fluids.

Global FF Market by Well Type: Based on well type, this market is categorized into horizontal and vertical. Among these, the horizontal segment accounted for the largest share in 2017 and is also projected to grow at the highest CAGR during the forecast period.

Global FF Market by Function Type: based on function type, this market is categorized into gelling agent, friction reducer, surfactant, scale inhibitor, clay stabilizer, acid, cross-linkers, breaker, pH adjusting agent, iron control agent, corrosion inhibitor, biocide and other fracking chemicals.

Analysis of Global Fracking Fluids Market by Geography:
Global fracking fluids market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. North America accounted for the largest share in 2017, followed by Europe and Asia-Pacific.

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Leading Partners of Fracking Fluids Market Industry:
Global fracking fluids market include BASF SE, AkzoNobel N.V., Albemarle Corporation, Ashland Inc., Baker Hughes, Calfrac Well Services Ltd., Chevron Phillips Chemical Company, Clariant International Ltd., DowDuPont, FTS International, Halliburton Co. and Schlumberger Limited among others

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